ING Guaranteed Income Insurance Plan

Ing Life Insurance recently introduced a new plan that offers guaranteed regular income. In this plan an investor has to pay premiums for few years and get guaranteed benefits like regular income at an attractive rate of 11% – 13% p.a., lump sum amount on maturity and life cover throughout the policy term.

Key Benefits

1. Regular Guaranteed Income

You pay premium for a ‘chosen number of years’ and start receiving a guaranteed regular income for the remaining period till the end of policy term. You have an option to receive income, monthly or annually.

2. *Guaranteed Income Payout Rates of up to 13% p.a.

You can choose the rate at which you want the income payouts – 11% p.a., 12% p.a. or 13% p.a. Income is paid as a percentage of the sum assured chosen. The income payout rate varies with premium payment term and premium amount chosen.

3. Maturity Benefit
At end of policy term, you receive a lump-sum amount equal to sum assured. This is paid along with the last income payout.

4. Guaranteed Life Cover for Full Policy Term
In case of unfortunate eventuality, your family will get highest of following:

10 times the annual premium.

Sum Assured

105% of the premiums paid

You can choose from the following life cover payout options:Option A: Receive a Lump Sum Amount, orOption B: Receive as Family Income Benefit (FIB) wherein 110% of the life cover amount is given as monthly income spread over 60 months.

Disclaimer: Above information sourced from Company’s website, we are neither representative / agent or any way associated with the company. for any further quarries contact the Ing’s Customer care. The information above is just to let public aware about a new plan available for sale.